Aesthetic Economics
The conversation delves into the concept of Maximan, questioning how we assess the vastness of economic progress. Adam Smith's distinction between definite rules, like grammar, and the more subjective, aspirational rules of aesthetics highlights the complexity of economic evaluation. This discussion suggests that much of our economic dialogue exists in a realm that's loose and indeterminate, challenging the rigid scientific pretensions often held by economists.In this clip
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EconTalk
Dan Klein on Coordination and Cooperation
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